IFM Investors Pty Ltd boosted its holdings in United Rentals, Inc. (NYSE:URI) by 33.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,602 shares of the construction company’s stock after purchasing an additional 2,173 shares during the quarter. IFM Investors Pty Ltd’s holdings in United Rentals were worth $1,072,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. First Interstate Bank acquired a new position in United Rentals in the second quarter valued at approximately $26,000. Prestige Wealth Management Group LLC acquired a new stake in shares of United Rentals in the second quarter valued at approximately $27,000. North Star Investment Management Corp. acquired a new stake in shares of United Rentals in the third quarter valued at approximately $31,000. Kistler Tiffany Companies LLC boosted its holdings in shares of United Rentals by 576.9% in the second quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock valued at $35,000 after acquiring an additional 225 shares during the period. Finally, First Mercantile Trust Co. acquired a new stake in shares of United Rentals in the second quarter valued at approximately $46,000. 89.57% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Michael Kneeland sold 22,999 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $151.08, for a total transaction of $3,474,688.92. Following the completion of the sale, the director now owns 181,973 shares in the company, valued at $27,492,480.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Filippo Passerini purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were bought at an average price of $110.37 per share, with a total value of $220,740.00. Following the purchase, the director now directly owns 8,783 shares of the company’s stock, valued at $969,379.71. The disclosure for this purchase can be found here. Insiders have sold 28,770 shares of company stock valued at $4,292,710 in the last 90 days. Company insiders own 1.00% of the company’s stock.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 16th. The construction company reported $5.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.74 by $0.22. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the business earned $4.74 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts predict that United Rentals, Inc. will post 19.28 earnings per share for the current year.
URI has been the subject of several research analyst reports. Macquarie set a $99.00 price objective on United Rentals and gave the company a “sell” rating in a report on Friday, July 19th. Zacks Investment Research raised United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price objective for the company in a report on Friday, October 11th. UBS Group downgraded United Rentals from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $166.00 to $118.00 in a report on Tuesday, October 8th. Royal Bank of Canada set a $150.00 price objective on United Rentals and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Citigroup reissued a “buy” rating and issued a $160.00 price objective on shares of United Rentals in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. United Rentals presently has a consensus rating of “Hold” and a consensus price target of $137.67.
United Rentals Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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